Coldstream Capital Management Inc. Invests $266,000 in SBA Communications Co. (NASDAQ:SBAC)

Coldstream Capital Management Inc. acquired a new position in shares of SBA Communications Co. (NASDAQ:SBAC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,113 shares of the technology company’s stock, valued at approximately $266,000.

A number of other large investors have also recently made changes to their positions in SBAC. Ashton Thomas Securities LLC bought a new stake in SBA Communications during the third quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of SBA Communications during the 3rd quarter worth approximately $35,000. Ridgewood Investments LLC bought a new stake in shares of SBA Communications in the 2nd quarter worth approximately $32,000. Family Firm Inc. purchased a new position in SBA Communications in the second quarter valued at approximately $36,000. Finally, Friedenthal Financial bought a new position in SBA Communications during the third quarter valued at $50,000. 97.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

SBAC has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on SBA Communications from $220.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley increased their target price on shares of SBA Communications from $232.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price target on shares of SBA Communications from $228.00 to $250.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. StockNews.com raised shares of SBA Communications from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Finally, Barclays boosted their target price on shares of SBA Communications from $236.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.23.

SBA Communications Stock Down 0.9 %

NASDAQ:SBAC opened at $212.28 on Tuesday. The stock has a market cap of $22.82 billion, a P/E ratio of 33.48, a PEG ratio of 0.72 and a beta of 0.67. The business’s 50-day moving average price is $228.25 and its two-hundred day moving average price is $220.44. SBA Communications Co. has a twelve month low of $183.64 and a twelve month high of $256.68.

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Monday, October 28th. The technology company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.77). The company had revenue of $667.60 million for the quarter, compared to the consensus estimate of $669.29 million. SBA Communications had a net margin of 25.76% and a negative return on equity of 13.13%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.34 earnings per share. On average, equities research analysts expect that SBA Communications Co. will post 12.56 EPS for the current fiscal year.

SBA Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, November 14th. SBA Communications’s dividend payout ratio (DPR) is currently 61.83%.

Insider Transactions at SBA Communications

In related news, EVP Mark R. Ciarfella sold 3,545 shares of SBA Communications stock in a transaction on Monday, December 9th. The shares were sold at an average price of $224.33, for a total value of $795,249.85. Following the transaction, the executive vice president now owns 33,588 shares in the company, valued at $7,534,796.04. This trade represents a 9.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

SBA Communications Company Profile

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.